Ready-to-use formats for Board and shareholder resolutions to appoint and ratify remuneration of Cost Auditors under Section 148 of the Companies Act.
The appointment and re-appointment of a Statutory Auditor is a critical compliance requirement for every company under the Companies Act, 2013 (the Act). Section 139 of the Act, read with the Companies (Audit and Auditors) Rules, 2014, governs the procedure, tenure, and conditions for the appointment and subsequent re-appointment of auditors.
Section 148 of India’s Companies Act mandates cost record maintenance (Form CRA-1) for companies in specified sectors with over Rs.35 Cr turnover. A cost audit is compulsory if turnovers exceed higher thresholds (Rs.50 Cr/Rs.100 Cr overall).
One Person Company (OPC) compliance guide: Though exempt from AGM, the AOC-4 deadline is 180 days from FY end (Sept 27th). MGT-7A is due 60 days from adopted accounts resolution (Nov 26th).
India plans regulatory reforms to support domestic audit and consulting firms, enabling them to compete with global players like the Big Four.
SEBI’s evolving ESG framework mandates reporting for top companies, including value chain disclosures and green credits, to enhance transparency and sustainable finance.
